IRS stimulus means your payment will not impact the benefits you receive now or in the future. Taxpayers receive this money because it’s intended to boost consumption and drive revenue at retailers and manufacturers, spurring the economy.
With IRS tax third stimulus checks, the IRS started sending the third stimulus payments in March 2022 and will continue to send them on a weekly basis as 2021 tax returns are processed. Payments will be sent to eligible people for whom the IRS did not have information to send a payment but who recently filed a 2021 tax return.
Eligibility
Most eligible people didn’t need to take additional action to get a third payment.
Generally, someone was eligible for the full amount of the third Economic Impact Payment if they:
- are a U.S. citizen or U.S. resident alien (and their spouse if filing a joint return), and
- are not a dependent of another taxpayer, and
- had adjusted gross income (AGI) that is not more than:
- $150,000 if married and filing a joint return or if filing as a qualifying widow or widower
- $112,500 if filing as head of household or
- $75,000 for any other filing status
Payments were phased out – or reduced – above those AGI amounts. This means people did not receive a payment if their AGI was at least:
- $160,000 if married and filing a joint return or if filing as a qualifying widow or widower
- $120,000 if filing as head of household
- $80,000 for any other filing status